Main navigation

Germany-based IOTA Foundation and the South Carolina-based International Transportation Innovation Center (ITIC) announced on Thursday that they are partnering to build a series of “smart mobility testbeds,” according to a joint announcement from the organizations.

The IOTA Foundation’s unique protocol, the Tangle, has been making waves in the blockchain space as the team seeks to build a distributed ledger free from the challenges faced by traditional blockchain applications.

Cryptocurrency users were quite surprised to see IOTA become the sixth-largest currency by market cap all of a sudden. For a project successfully completing its ICO in 2015, that is quite surprising, considering the trading markets only opened yesterday.